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Name of the deal
Sales of NEXITY Polska Group to Develia
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Information about the transaction
Transaction took place in July 2023 and Develia has purchase from NEXITY SA all SPV Polish companies which where making business operation in residential Real estate sector in 3 main cities in Poland i.e Warsaw, Kraków and Poznan.
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The date of closing the deal
June - July 2023
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Value of the transaction (in EUR)
100000000
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Yield
20
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Seller, plus brief information about the company
Seller: NEXITY SA the largest European residential developer with more than 4,5 bilion turnover.
NEXITY Polska 500 million turnover with 120 million EBITDA |
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Consultancy which advised Seller
Rotschild&co
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Purchaser, plus brief information about the company
Develia SA stock exchange company. One of the biggest Real estate developer
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Consultancy which advised Purchaser
PWC
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Financing institution
PKO BP an MBank
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Current occupancy level
100
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Please say why this deal should be considered for the award
It was the biggest M&A in 2023 year on Real estate market in difficult market situation making Develia SA one of the biggest developer in Poland and purchaising unique competence in self construction, Land Development and great bank Land with high IRR
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